Israeli government bonds fell sharply yesterday, with prices dropping as much as 1.2%, after the government published discouraging figures of the budget deficit and the Bank of Israel signaled that interest rates would not go down any further this year. Ten-year shekel bonds fell 0.8%, raising the yield to 4.07%. Inflation-linked bonds with maturities of 10 years traded at declines of 0.65%, with yields rising to 1.86%. Longer-term bonds with maturities in 2026 fell 1%, with the yields reaching 4.58%. The Bank of Israel research department said yesterday in its half-year monetary report that interest rates would remain unchanged for the remainder of this year....
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